Softbank is reportedly "orchestrating" a merger between Flipkart, India's biggest online retailer, and rival Snapdeal, and could possibly have a deal by the end of next  month. 

Interestingly, Softbank is the largest investor in Snapdeal with a 30 percent share. 

Snapdeal though is struggling to survive in the face of stiff domestic competition, especially after the aggressive expansion of Amazon which is now the second-biggest online retailer in the country.  Read more...

More about Investing, Startups, Online Retail, Ecommerce, and Flipkart'>
, ,

Softbank reportedly wants to merge India’s top online retailers to take on Amazon

TwitterFacebook

Japanese telecom giant and startup investor, Softbank, wants India’s top two online retailers to join forces to fight Amazon in the country.

Softbank is reportedly “orchestrating” a merger between Flipkart, India’s biggest online retailer, and rival Snapdeal, and could possibly have a deal by the end of next  month. 

Interestingly, Softbank is the largest investor in Snapdeal with a 30 percent share. 

Snapdeal though is struggling to survive in the face of stiff domestic competition, especially after the aggressive expansion of Amazon which is now the second-biggest online retailer in the country.  Read more…

More about Investing, Startups, Online Retail, Ecommerce, and Flipkart

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *